The Fitness Center, owned by Gail Chan, has been in business for two years. The business is successful with its expanded hours of operation.
You are a local business consultant and have worked with several other small businesses in the area. Ms. Chan has asked you about possible ways to obtain money for new equipment. She has already borrowed money from family members and cannot use them as a source of more funds.

INSTRUCTIONS
1. Evaluate possible sources of money for your client. Use the Internet and other sources to research alternatives with the Small Business Administration, the Chamber of Commerce, and local banks.
2. Make a list of alternatives. Include costs, interest rates, and advantages or disadvantages.
3. Make a recommendation to your client based on your list of alternatives.
4. Explain how the additional money will affect the accounting equation.